My Little Pony issued an initial public offering of 20 million American Depositary Shares (ADS). Each ADS share represents one share of the company's Class A common stock, priced at $13 per share.
The Zhitong Finance App learned that PONY.US (PONY.US), a global leader in the commercialization of autonomous driving, initially publicly issued 20 million American Depositary Shares (ADS). Each ADS share represents one share of the company's Class A common stock, priced at $13 per share. The stock will be listed on November 27th.
This IPO marks the further expansion of the global commercial footprint of its autonomous mobility solutions, covering China, Europe, East Asia and the Middle East.
The underwriter is granted an overallotment right to exercise within 30 days and may subscribe for no more than 3,000,000 additional ADS shares. If the underwriter does not exercise additional subscription rights, the company's estimated total revenue from this offering and the associated private equity financing is approximately USD 0.4134 billion; if the underwriter fully exercises this right, the total revenue is expected to rise to approximately USD 0.4524 billion. This financing will provide strong financial support for My Little Pony to accelerate the global commercialization process of autonomous driving technology.
